Property Biz Canada

The total volume in square feet of retail properties sold in the GTA since 2006 has fluctuated from lows of 2.3 million square feet in 2009 and in 2012 to a high of 7.1 million square feet in 2011.

The pattern is similar in retail properties greater than 50,000 square feet with lows of 960,000 square feet and 983,000 in 2008 and 2009, respectively, to a high of 4.9 million square feet also in 2011.

The financial crisis of 2008 had a clear impact in the 2007-09 period with the lowest volumes both in square footage and dollar sales. 2015 witnessed a sharp correction following two very strong years in both square footage and dollar sales. (See table and chart below.)

The net purchase in the period of 2010-2016 YTD of the larger retail purchasers is tabulated below and represents only the GTA and is obviously not representative of the Canadian scope. The scope of properties will include other asset classes.

Pierre Gagne, Broker of Record is the driving force behind the firm. He is a prominent and reputable industry veteran whose career started in 1980 with one of Canada's largest real estate institutions. Pierre subsequently had a successful eighteen year career with a national commercial real estate brokerage firm prior to setting up PETRUS Commercial Realty Corp.
His academic achievements include: McGill University, Bachelor of Commerce: Real Estate Analysis and Urban Planning (B.Comm., 1980); University of Western Ontario, Master of Business Administration (MBA, 1985). He is as well a retired Accredited Appraiser of the Canadian Institute (AACI).